Red Door Wealth Management LLC Takes $1.47 Million Position in FTAI Aviation Ltd. $FTAI

Red Door Wealth Management LLC bought a new position in FTAI Aviation Ltd. (NASDAQ:FTAI) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 8,813 shares of the financial services provider’s stock, valued at approximately $1,471,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quantitative Investment Management LLC increased its holdings in shares of FTAI Aviation by 42.9% in the first quarter. Quantitative Investment Management LLC now owns 13,314 shares of the financial services provider’s stock valued at $1,478,000 after purchasing an additional 3,997 shares during the period. Virtus Advisers LLC acquired a new stake in shares of FTAI Aviation during the first quarter worth about $29,000. Ieq Capital LLC boosted its position in FTAI Aviation by 313.1% in the first quarter. Ieq Capital LLC now owns 12,022 shares of the financial services provider’s stock valued at $1,335,000 after buying an additional 9,112 shares during the last quarter. Broad Bay Capital Management LP increased its holdings in FTAI Aviation by 26.8% in the 1st quarter. Broad Bay Capital Management LP now owns 236,173 shares of the financial services provider’s stock worth $26,222,000 after buying an additional 49,885 shares during the period. Finally, Vident Advisory LLC acquired a new position in FTAI Aviation in the 1st quarter worth approximately $323,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

Analyst Ratings Changes

FTAI has been the topic of several recent research reports. Barclays upped their price objective on shares of FTAI Aviation from $195.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Weiss Ratings restated a “hold (c)” rating on shares of FTAI Aviation in a research report on Monday, December 15th. Royal Bank Of Canada increased their price target on FTAI Aviation from $185.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Wall Street Zen lowered FTAI Aviation from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, BTIG Research restated a “buy” rating and issued a $230.00 target price on shares of FTAI Aviation in a research note on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $203.63.

FTAI Aviation Stock Performance

FTAI opened at $168.49 on Friday. FTAI Aviation Ltd. has a fifty-two week low of $75.06 and a fifty-two week high of $194.36. The company has a fifty day moving average of $169.16 and a two-hundred day moving average of $150.77. The stock has a market capitalization of $17.28 billion, a price-to-earnings ratio of 38.47 and a beta of 1.56.

FTAI Aviation (NASDAQ:FTAI) last posted its earnings results on Monday, October 27th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.09). FTAI Aviation had a return on equity of 370.51% and a net margin of 20.82%.The firm had revenue of $667.06 million for the quarter, compared to analysts’ expectations of $662.51 million. During the same period in the previous year, the company earned $0.76 earnings per share. The company’s revenue was up 43.2% compared to the same quarter last year. On average, equities research analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Monday, November 10th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, November 10th. FTAI Aviation’s dividend payout ratio (DPR) is presently 31.96%.

Insider Activity at FTAI Aviation

In other FTAI Aviation news, COO David Moreno acquired 4,354 shares of the business’s stock in a transaction dated Thursday, November 13th. The stock was acquired at an average cost of $153.89 per share, for a total transaction of $670,037.06. Following the completion of the transaction, the chief operating officer directly owned 4,354 shares of the company’s stock, valued at $670,037.06. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by company insiders.

FTAI Aviation Company Profile

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.